Twenty years after flirting with disaster, the News Corp chief is on the verge of his biggest deal. A senior journalist says that we need more like him.
Two decades ago Rupert Murdoch was sitting at his desk in Wapping as a financial firestorm engulfed his company. The banks were baying at the door. A lethal mix of over-ambition and heavy investment in the nascent BSkyB had laid News Corporation low. Rupert said to me: “Not sure how this is going to end … just in case, I’ve paid up my mortgages.”